Annual minimum wage to increase Australia's 2.
3 million lowest paid workers will get their biggest pay rise in six years oakley eyewear but the industrial umpire concedes it is still not enough to lift them all out of poverty. Neither unions nor business groups are happy with the 3.3 per cent increase in the national minimum wage and modern award minimum wages, which they say will be negated by cuts to penalty rates from July 1. The national minimum wage will rise by $22.20 half of what oackley sunglasses the ACTU had called for but more than double what business groups wanted to $694.90 a week. Fair Work Commission oakley sunglasses sale online president Justice Iain cheap mens oakley sunglasses Ross says the increase will not lead to inflationary pressure and is highly unlikely to have any measurable negative impact on employment. The AiGroup CEO Innes Willox has told Sky News the new minimum wage will put a lot of pressure on businesses.
'We think this is unnecessarily high and it takes the minimum wage just to under $700 a week which make it the second highest minimum wage in the developed world,' he said. 'It's going to be hard for business, we are seeing recession like unemployment at the moment this will lead to disincentives for businesses to employ.'.
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